3470 Morgan CtMobileAL36695
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mobile at 3470 Morgan Ct, Mobile, AL, 36695 listed at $1,250,000 pairs $4,997/mo rent with a $6,118/mo payment. Total monthly income runs $4,997/mo. Return on cash invested measures 14.07% in year one, and rental yield registers 4.8% at a $1,250,000 basis. Equity gained on principal adds $8,066/yr, and annual property appreciation at 5% supports $345,352 by year five. Five-year ROI tracks 70.77% and total cumulative return in cash totals $286,621. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,997/mo property income relative to a $6,118/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.54 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36695, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,268 (100%) |
| Owner Occupied HU | 14,535 (65.3%) |
| Renter Occupied HU | 6,614 (29.7%) |
| Vacant Housing Units | 1,119 ( 5.0%) |
| Median Home Value | $263,847 |
| Average Home Value | $294,427 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
16,541
Multi-Family
5,299
Businesses
729
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Listed by: Lisa Granger • Real Broker LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7606093
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.